Transport Cars

Uber Earns $3.5 Billion Valuation with Investments by Google Ventures and TPG

Excerpt from All Things D

Aug 22, 2013 5:26 pm

Skift Take

Uber has a lot of believers in the investment community, and there was apparently a lot of elbows flying as the monied folk competed to get in on the hot startup with the $3.5 billion valuation. Uber regulatory battles doesn’t seem to put a brake on investor interest.

— Dennis Schaal

Sponsored by:

Discover the Top Travel Brands on Social Media

According to a Delaware filing by Uber Technologies, it has sold stock in the fast-growing privately held transportation service to private equity giant TPG. In addition, according to sources who have seen other stock documents, Uber has also taken a major investment from Google Ventures.

The overall valuation for the San Francisco company, according to the August 1 document, and also sources, is $3.5 billion. Though pricey, the latest scramble to be in the Uber funding round was apparently very competitive. Sources said Google won the investment because of direct intervention by CEO Larry Page, who met with Uber CEO Travis Kalanick.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Priceline CEO Huston Earned $17.9 Million in 2013, a ‘Very Good Year’ for the Company
U.S. Travelers Use Mobile for Directions, Restaurants and Activities
The Airplane Seat Design That Can End the Battle of the Armrest
Why Personalized Data Matters to Boosting Your Bottom-Line

We're the Moneyball of the Travel Industry

We know what's coming next in travel. Subscribe to the newsletter and get all the goodness in your inbox daily.